leasehold

 
Pronunciation: /ˈliːshəʊld/

noun

[mass noun] chiefly British
  • the holding of property by lease: a form of leasehold [as modifier]: leasehold premisesOften contrasted with freehold.
  • [count noun] a property held by lease: it is still a leasehold

Derivatives

leaseholder

noun

Origin:

early 18th century: from lease, on the pattern of freehold